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Tax-Free Shares Account

RMB Private Bank's Tax-Free Shares Account offers tax free investment in the Top 100 companies listed on the Johannesburg Stock Exchange (JSE) and has a minimum investment of R300 per month or a minimum of a R1 000 once-off lump sum.

With RMB Private Bank's Tax-Free Shares Account:

  • All returns and dividends are tax free
  • Investment is in the Top 100 companies on the JSE
  • Provides you with a diversified portfolio
  • Investments from as little as R300 per month or a minimum of a R1 000 once-off lump sum
  • The easiest way to gain access to the JSE
  • Low monthly fees of 0.5% (plus VAT) per year
  • The maximum investment is R30 000 per tax year
  • The maximum lifetime contribution is R500 000

Fees

Market value of portfolio Monthly fee
R0 - R250,000 0.50% per annum plus VAT
R250,001 - R1,000,000 0.45% per annum plus VAT
R1,000,001 + 0.35% per annum plus VAT

All share prices are 15 minutes delayed. Fees are subject to an annual review

Trade option First trading day of the month Today at 3pm
Brokerage fee 0.10% plus VAT 0.60% (min R40) plus VAT
Investor protection levy Included above 0.0002% plus VAT
STRATE settlement charge Included above 0.005787% (minimum R11.58, maximum R57.87) plus VAT
Securities transfer tax (on share purchase) Not applicable Not applicable

All share prices are 15 minutes delayed. Fees are subject to an annual review

Tax-Free Shares Account General Terms and Conditions

Contact your Private Banker to take up this product.

 
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